In order to save up for Post Secondary, Narissa’s parents invested $4500.00. Their money earns (grows) by 8%, every 2 years.   Is this growth or decay? What is the growth or decay rate?   How much money will be in the account 5 years from now?

Q: Mary invests $3500 at 2.75% compounded continuously. How much money will be in the account after 6…

A: Given that Invested amount=$3500 Interest compounded continuously =2.75% Time=6 years To find  How…

Q: Determine the amount of money, to the nearest dollar, you must invest at 6% per year, compounded…

A: Step 1: Given Value for Calculation Interest Rate = r = 6%Future Value of Payment = fv =…

Q: Adam puts $800.00 into an account to use for school expenses. The account earns 15% interest ,…

A:

Q: 8.) Jess wants to have one million dollars when she retires in 35 years. How much should she invest…

A: We can directly calculate the principal amount using the continious interest formula.

Q: investment to triple in value during 21 ye period . what annually compounded rate of return must it…

A: Given query is to find rate of interest.

Q: Cherry places Php 100 000 in an account for her child upon birth. Assuming no additional deposits or…

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Q: An engine has initially 24000 ml oil. The amount of oil has to be increased at the rate of 5% every…

A: An engine has initially 24000 ml oil. The amount of oil has to be increased at the rate of 5% every…

Q: Zach invested $200 per month in a mutual fund that averaged 9% net growth per year with interest…

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Q: Money is invested in a saving account earning 5% interest compounded semiannually. How many years…

A: Sol: Let the principal amount, A = x Since they have not mentioned in the question whether interest…

Q: Gina puts $ 5500 into an account earning 7.75% interest compounded continuously. How long will it…

A: Given problem Given that   Gina puts $ 5500 into an account earning 7.75% interest compounded…

Q: Tessa invests $9600 in a new savings account which earns 4.6% annual interest, compounded…

A:

Q: Jackson deposited $5,000 at 3.6% interest rate, compounded continuously when he was 18 years old.…

A:

Q: At age 20, Mike inherited $100,000 from his grand parents.  Then he invested the money in a bank…

A: We will find the account balance

Q: Mary invests $3500 at 2.75% compounded continuously. How much money will be in the account after 6…

A: Given Principal amount p = $3500 Interest rate r = 2.75% = 0.0275 Time t = 6 years